QuickBooks Online Exam Review

Where is the location in which one can turn on location and class tracking?

• Settings - Account and Settings - Advanced

• Settings - Account and Settings - Tracking

• Settings - Class and Location

• Settings - Tracking

Where in QuickBooks Online does one go to add a user?

• Create - New User

• Create - User

• Settings - Add User

• Settings - Manage Users

How can you track Accounts Payable?

• Enter the bill before paying the vendor

• Record the expense

• Write a check

• Use a journal entry

What does Accounts Receivable keep track of?

• What you owe vendors

• How much is in your bank accounts

• What customers owe you

• Your purchase orders

What is the best way to make products purchased available to put on customer invoices?

• Create a bill

• Create a purchase order

• Create an invoice with the same transaction number as the purchase

• Make the products billable

A customer makes a purchase to be paid at a later date. Which form should be used for this transaction?

• Estimate

• Invoice

• Purchase Order

• Sales Receipt

You need to pay the same 4 bills every month, and you would like to save time. What feature could you use in QuickBooks Online?

• Repeating transactions

• Recurring transactions

• Monthly transactions

• Batch transactions

Which type of data is not imported into QuickBooks when importing data?

• Customers

• Data that does not match the format of a field

• Employees

• Vendors

During the process of building an invoice, a custom field named Special Message is added. Where will that custom field be available once the invoice has been generated?

• On every form

• On every invoice

• On every sales form

• On just that invoice

Which form CANNOT be customized?

• Estimate

• Invoice

• Sales Receipt

• Bill